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STUDY
GROUP NAME G7
ASSIGNMENT OBJECTIVE
The groups task was to collate and qualitatively evaluate the Vision and
Mission statements of a few major corporate entities in a selected sector of
Indias economy.
METHODOLOGY
For the given assignment, our group had focused upon the 4 th largest contributor
to the Indian economy viz. the FMCG (Fast Moving Consumer Goods) sector.
The FMCG sector has an annual revenue generation of 13.1 billion USD in FY
2011-12. In this category, we selected four of the major players (1) Coca Cola
(India), (2) PepsiCo (India), (3) ITC Limited & (4) Hindustan Unilever Limited.
For understanding the quality of the mission & vision statements of these
organizations, we based our evaluation on the following parameters: -
METHODOLOGY (CONTINUED)
(A) Parameters for qualitative evaluation of the corporate Vision
statements: 1) WHETHER IT IS 'POWERFUL'?
2) WHETHER IT IS 'PURPOSEFUL'?
3) WHETHER IT IS 'SELF-DETERMINING'?
4) WHETHER IT IS 'CONCRETE'?
5) WHETHER IT IS 'MULTI-FACED'?
6) WHETHER IT IS 'EMOTIONAL'?
METHODOLOGY (CONTINUED)
(B) Parameters for qualitative evaluation of corporate Mission statements: 1) WHETHER IT REFLECTS ON EXISTENTIAL PLANE THE VISION
OF THE ORGANIZATION ?
2) WHETHER IT INCORPORATES THE CORE CORPORATE VALUES?
3) WHETHER IT IS FEASIBLE, UNDERSTANDABLE & CONCISE?
4) WHETHER IT GENEROUSLY STATES THE ORGANIZATION'S
GOALS?
5) WHETHER IT HAS A SEMANTIC IMPACT ON ALL
STAKEHOLDERS?
6) WHETHER IT HAS A GOOD LITERARY FORMULATION?
METHODOLOGY (CONTINUED)
The group critically analyzed each parameter against the collated Vision
and Mission statements for each sample organization and then scored the
same as per the following key : -
INDUSTRY FMCG
Coca Cola (India) is a USD 1.09 billion MNC corporate which restarted
business in India from 1993. It has a mix of its international brands like
Minute Maid as well the brands it had acquired from Parle like Thums Up
(which as a matter of fact enjoys a share of 40% in the Indian CSD
market), Limca etc.
Our Vision: Our vision serves as the framework for our Road map and guides every aspect
of our business by describing what we need to accomplish in order to continue
achieving sustainable, quality growth.
People: Be a great place to work where people are inspired to be the best they
can be.
Portfolio: Bring to the world a portfolio of quality beverage brands that
anticipate and satisfy peoples desires and needs.
Partners: Nurture a winning network of customers and suppliers, together we
create mutual, enduring value.
Planet: Be a responsible citizen that makes a difference by helping build and
support sustainable communities.
Profit: Maximize long-term return to share owners while being mindful of our
overall responsibilities.
Productivity: Be a highly effective, lean and fast-moving organization.
EVALUATION SCORE-CARD
EVALUATION OF "VISION" STATEMENTS OF SAMPLE ORGANIZATIONS
S.NO. ANALYSING THE CHARACTERISTICS OF QUALITY VISION STATEMENTS
1
2
3
4
5
6
WHETHER IT IS 'POWERFUL'?
WHETHER IT IS 'PURPOSEFUL'?
WHETHER IT IS 'SELF-DETERMINING'?
WHETHER IT IS 'CONCRETE'?
WHETHER IT IS 'MULTI-FACED'?
WHETHER IT IS 'EMOTIONAL'?
PEPSICO (INDIA)
PepsiCo (India) is 2nd largest CSD MNC entity having a turnover of USD 743
million currently. PepsiCo entered the Indian market as early as 1989 as Lehar
Pepsi and as Pepsi from 1991. Currently it has brands mostly from its
international portfolio like Pepsi, Mountain Dew, 7 UP and also some
indigenous brands like Nimbooz, Slice etc. It has been gradually diversifying
from core CSD segment into snacks with the Frito Lays and Kurkure range
of munchies and healthy foods like Gatorade, Quaker Oats etc.
EVALUATION SCORE-CARD
EVALUATION OF "VISION" STATEMENTS OF SAMPLE ORGANIZATIONS
S.NO. ANALYSING THE CHARACTERISTICS OF QUALITY VISION STATEMENTS
1
2
3
4
5
6
PEPSICO INDIA
WHETHER IT IS 'POWERFUL'?
WHETHER IT IS 'PURPOSEFUL'?
WHETHER IT IS 'SELF-DETERMINING'?
WHETHER IT IS 'CONCRETE'?
WHETHER IT IS 'MULTI-FACED'?
WHETHER IT IS 'EMOTIONAL'?
ITC LIMITED
EVALUATION SCORE-CARD
EVALUATION OF "VISION" STATEMENTS OF SAMPLE ORGANIZATIONS
S.NO. ANALYSING THE CHARACTERISTICS OF QUALITY VISION STATEMENTS
1
2
3
4
5
6
ITC LTD.
WHETHER IT IS 'POWERFUL'?
WHETHER IT IS 'PURPOSEFUL'?
WHETHER IT IS 'SELF-DETERMINING'?
WHETHER IT IS 'CONCRETE'?
WHETHER IT IS 'MULTI-FACED'?
WHETHER IT IS 'EMOTIONAL'?
Hindustan Unilever Limited (the Indian avatar of Unilever the 2nd largest
FMCG corporate worldwide) is a behemoth having a current turnover of nearly
USD 3.7 billion. HUL (as it is better known as) has nearly 16 brands amongst
the top 100 FMCG brands in India like Dove, Surf, Wheel, Lux, Lifebuoy,
Kissan, Lipton, Walls etc. It has a rich tradition of multi-faceted CSR activities
and is considered to be amongst the pioneers of many merchandising and
marketing initiatives in the Indian market.
Our Vision: Unilever products touch the lives of over 2 billion people every day whether
that's through feeling great because they've got shiny hair and a brilliant smile,
keeping their homes fresh and clean, or by enjoying a great cup of tea,
satisfying meal or healthy snack.
Clear Direction: The four pillars of our vision set out the long term direction for the company
where we want to go and how we are going to get there:
We work to create a better future every day
We help people feel good, look good and get more out of life with brands and
services that are good for them and good for others.
We will inspire people to take small everyday actions that can add up to a big
difference for the world.
We will develop new ways of doing business with the aim of doubling the size
of our company while reducing our environmental impact.
We've always believed in the power of our brands to improve the quality of
peoples lives and in doing the right thing. As our business grows, so do our
responsibilities. We recognize that global challenges such as climate change
concern us all. Considering the wider impact of our actions is embedded in our
values and is a fundamental part of who we are.
Our Mission: Unilever's mission is to add Vitality to life. We meet everyday needs for
nutrition, hygiene, and personal care with brands that help people feel good,
look good and get more out of life.
EVALUATION SCORE-CARD
EVALUATION OF "VISION" STATEMENTS OF SAMPLE ORGANIZATIONS
S.NO. ANALYSING THE CHARACTERISTICS OF QUALITY VISION STATEMENTS
1
2
3
4
5
6
HUL
WHETHER IT IS 'POWERFUL'?
WHETHER IT IS 'PURPOSEFUL'?
WHETHER IT IS 'SELF-DETERMINING'?
WHETHER IT IS 'CONCRETE'?
WHETHER IT IS 'MULTI-FACED'?
WHETHER IT IS 'EMOTIONAL'?
CONCLUSION
THANK YOU
Members:
(1) Tauseef Islam (2) Saptashwa Das,
(3) Rajesh Kishore Roy (4) Kamal Das
(5) Indranil (6) Avijit Chowdhury
(7) Nilashish Ghosh Dastidar